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#Grupo modelio pdf#
Of the three, Grupo Modelo was in the worst situation and faced a tough choice as all of its options involved sacrificing a part of the company. Estados Financieros Grupo Modelo December 2019 PDF Bookmark Download This document was uploaded by user and they confirmed that they have the permission to share it. In this case students get a chance to look at a complicated acquisition proposal that involves three companies. The InBev offer was dominating the headlines in business sections worldwide, and Fernandez knew he had no time to waste. He needed to have a recommendation and a minimum acceptable bid price for Modelo’s board soon. Grupo Modelo is a large brewery in Mexico owned by Belgian-Brazilian company Anheuser-Busch InBev. Whatever option he chose, he knew he would have to make a compelling case to his board to convince all of them that his recommendation would maximize value for Modelo. It has 63 of the Mexican beer market, and exports beer. How would the Mexican public feel if its hallmark company was acquired by Americans? But the alternative may well be a de facto acquisition by InBev, which would own half of Modelo if the deal went through.įernandez looked over the options again and considered the pros and cons. Grupo Modelo is a large brewery in Mexico owned by Belgian-Brazilian company Anheuser-Busch InBev.
Each option had its benefits, but in the end Fernandez knew the decision would be less about price and more about control.įernandez had a lot to consider: Grupo Modelo was an icon in its country-Mexico’s largest brewer and a source of national pride. Modelo had three options: it could try to buy back its stake from A-B, it could sell the rest of the company to A-B, or it could refuse to sell, thereby increasing the likelihood of the potential A-B/InBev merger. Ever since InBev made its move for A-B, Busch IV had been hinting at making Modelo an offer for its remaining shares, thus making the Mexican brewer a wholly-owned subsidiary and making Anheuser-Busch too large for InBev to acquire. A-B had recently received a takeover offer from industry giant InBev, and Busch feared that the shareholders would accept it, ending the storied brewer’s 150-year history as an independent company. On June 13, 2008, Carlos Fernandez, Chairman and CEO of Grupo Modelo S.A., had just finished a call with August Busch IV, the CEO of Anheuser-Busch (A-B), the iconic North American brewery that owned 50.2% of Modelo’s shares.
#Grupo modelio code#
adopted their own Organization, Management and Control Model pursuant to Legislative Decree 231/2001 and appointed the relevant Supervisory Board pursuant to article 6 of Legislative Decree 231/2001.Īll the mentioned Models have been subsequently updated in order to bring them into line with legislative changes and respective company needs.Īny violations or suspicions of violations of the Models or the Code of Ethics must be reported to the respective Supervisory Board through the channels indicated in each Model.Grupo Modelo: Trouble Brewing in the Global Beer Industryīy Uma Kakde, Kristin O’Planick, Kevin Shuller, and Jennifer Walvoord under the supervision of Professor Andrew Karolyi – 16 pages.
In 2019 the Italian subsidiaries Aquatech S.r.l., Energys S.r.l., Penta S.r.l., Progema S.r.l. 231/2001, who is responsible for supervising the functioning and observance of the Model and its updating. appointed a Supervisory Board pursuant to article 6 of Legislative Decree no.
adopted the Organization, Management and Control Model pursuant to Legislative Decree 231/2001 which takes into account the organizational structure that characterizes the company.
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